VP, Property & First Party Lines

About the role

MS Transverse is a subsidiary of MSIG USA and part of MS&AD Insurance Group Holdings, one of the 10 largest P&C insurance companies in the world. MS Transverse is dedicated to the global program market and partners with MGAs, program administrators, and general agents to offer a full suite of insurance services. Location: This position can be based out of our New Jersey office or our New York City office. For the right candidate, this position can be remote.

Responsibilities

• Serve as the top underwriting authority on all Property and first party lines — Commercial Property, Inland Marine, Builder's Risk, DIC, Ocean Marine cargo, Equipment Breakdown, and related specialty covers.
• Adjudicate complex, non-standard risks referred from program partners; provide binding technical opinions on coverage, manuscript policy language, and endorsements.
• Develop, publish, and maintain corporate-wide underwriting guidelines: risk appetite, class eligibility, coverage terms, exclusions, deductibles, and maximum line sizes.
• Govern approved policy forms libraries (ISO, AAIS, proprietary, manuscript) and update underwriting rules matrices aligned to actuarially supported rating plans.
• Represent the company's technical underwriting position with MGA/MGU partners, senior brokers, cedents, reinsurers, and in the industry.
• Design and maintain a standardized, tiered LOA delegation template as respects all Property and First Party lines of business/products spanning Program Underwriting — including Head of Program Underwriting, Program Directors, and PUMAs — and a companion framework for MGA/MGU program partners defining binding authority limits, referral thresholds, and prohibited classes consistent with MST guidelines – specific to the Property LOB and all first party products.
• For Property and First Party products define authority tiers by policy limit, TIV, risk complexity, CAT-exposed territory, and coverage breadth (admitted vs. E&S). Conduct semi-annual LOA reviews; maintain a centralized authority register in compliance with state MGA Act requirements.
• Maintain expert command of E&S regulations, stamping office requirements, diligent search documentation, and surplus lines tax filings in partnership with Risk & Compliance.
• Develop and monitor distinct underwriting guidelines and form sets for E&S vs. admitted placements; collaborate with Compliance and Product Development on admitted rate and form filings in partnership with MGA/MGU partners.
• In partnership with Risk and the CUO, set and enforce CAT accumulation limits by peril and zone — Named Windstorm, Earthquake, Wildfire, Flood, Winter Storm, Severe Convective Storm, and Cyber-Physical. Oversee secondary peril modeling for hail, tornado, freeze, landslide, subsidence, and marine surge.
• Review in partnership with Risk and Actuarial the PML, AAL, and TVaR metrics quarterly.